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Comparing mortgage terms (i.e. 15, 20, 30 year)

Different mortgage terms and rates can make the loan selection process confusing, especially if you don't plan on keeping the loan for the full term. Use this calculator to determine the total cost in today's dollars of various mortgage alternatives taking into account your opportunity cost of money.

Loan Amount

Amount of loan ($)

Mortgage Alternatives and Assumptions

Loan1(1 to 40)

Loan2(1 to 40)

Loan3(1 to 40)

Term (in years)

Annual interest rate

Comparison Assumptions

Comparison options/cost of money

(0% to 40%)

Marginal tax bracket (0% to 75%)

Years to compare total costs: (1 to 30)

This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.